The Transport Ministry is in talks with international finance institutions for a EUR 50-55 mn loan to finance upgrades to the 22-km Abu Qir-Alexandria rail line, sources tell Al Mal. The European Bank for Reconstruction and Development is reportedly among the banks the ministry is speaking to. After the upgrades, the ministry will team up with the Housing Ministry to transform the Abu Qir-Alexandria line into an advanced electric train line, according to National Railway Authority head Sayed Salem.

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